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The Latest Breaking News from Westpac

Economy stalls as private sector fails to pick up slack

More rate cuts might be needed to boost Australia's fragile economy with soft household consumption figures contributing to stalled growth.

AAP

Australian shares retreat as inflation comes in hot

The ASX has handed back its early gains with interest, after an overnight Wall Street rally wasn't enough to outweigh losses in materials and financials stocks.

AAP

Egg, housing costs might fry hopes of earlier rate cut

Headline inflation has held steady but came in hotter than economists expected in the year to April. Whether it's a blip or something else remains to be seen.

AAP

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Ailing hospital operator vows wards will stay open

Tens of thousands of Australian hospital workers are being assured their jobs are safe as a lifeline from banks props up a major private health operator.

AAP

Shareholders drag Macquarie over coals on net zero

A leading investment bank has come under pressure from shareholders demanding to know how its growing exposure to fossil fuel squares with net-zero ambitions.

AAP

'Eye-watering': CBA shares break all-time highs

Commonwealth Bank shares have surged to record levels yet again, but experts say its earnings don't justify the price tag.

AAP

ANZ shares sell-off after flat cash profit of $3.6b

Investors have hit sell on ANZ shares after the big four bank posted a cash profit less than what the market hoped to see.

AAP

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Westpac shares slip amid profit dip, volatile outlook

Westpac CEO Anthony Miller says Australia is well-positioned to weather storms in the world economy and he's looking forward to working with a Labor government.

AAP

Almost 100 Staff Logins At Australia’s Big Four Banks Stolen By Cybercriminals

The news comes days after another investigation found more than 31,000 banking passwords had been stolen using the same kind of malware.

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Australian shares gain more ground as tariff talk eases

The Australian share market has gained for a third straight session as hopes of US trade deals help investor sentiment settle after weeks of uncertainty.

AAP

Tech tariff pivot helps Australian shares take a breath

A development in the US-China tariff war has nudged Australian shares higher with the White House carving out smartphones, computers and other electronics.

AAP

Australian shares rebound but tariffs cast a shadow

The Australian share market has begun April with a healthy rebound, but investors and the Reserve Bank are still wary about global policy shifts and growth.

AAP

Aussie shares end week higher but red quarter looms

Trade war fears have returned and sent jitters through equities markets, as investors take cash off the table to measure the costs of incoming tariffs.

AAP

Chalmers delivers 2025 budget speech – as it happened

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AAP

Miners and energy stocks lead Australian shares higher

The local bourse has crawled out of correction territory after concerns about US growth and Donald Trump's trade war prompted a sell-off last week.

AAP

Aussie shares plunge to five-week low on weak earnings

The ASX200 finished down 1.2 per cent on its biggest day of earnings season, with heavy losses for the big four banks, Fortescue and Goodman Group.

AAP

Banking, goldminers drag Aussie shares lower

The ASX200 fell 0.2 per cent, with the financial sector doing especially poorly after disappointing earnings from Westpac and Bendigo and Adelaide.

The Guardian - AU

Embattled casino operator Star offered $650m lifeline – as it happened

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AAP

Aussie shares finish flat as gold hits record high

The ASX200 ended the day about where it started, with strong gains for goldminers as the yellow metal breached $US2,900 an ounce for the first time.

AAP

Bank moratorium 'too late' for rural towns left behind

The federal government has announced a moratorium on regional bank closures, but it's cold comfort for those who have already lost their local branches.

AAP

Aussie shares set another record on back of rates hype

The ASX200 has risen almost half a per cent to finish at its highest-ever level and end January up 4.6 per cent from where it started.

AAP

Consumers feel finances slide but hold hope for future

Easing inflation is increasing the likelihood of a near-term rate cut, which would provide a welcome boost to consumer sentiment in 2025.

AAP

Aussie shares, dollar slide as US rate-cut odds dim

The ASX200 fell 1.2 per cent and the dollar hit a nearly five-year low after a strong US jobs report lowered expectations for quick rate cuts.

AAP

Australia's bullet-proof jobs market put to the test

Even with restrictive interest rate settings and inflation battering the economy, Australia's labour market has proved surprisingly resilient.

The Guardian - AU

Sea and air search under way for 15-year-old boy swept off rock shelf at NSW beach

Emergency services called to North Avoca beach on the Central Coast at about 3pm on Tuesday

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